Minimum wage to jump 22%, business group says

Source: Mexico News Daily

The National Minimum Wage Commission (Conasami) agreed to bump the minimum wage by 22% next yar, the Business Coordinating Council (CCE) said. 

Low wage earners will earn a daily rate of 172.87 pesos (US $8.11) in most of Mexico in 2022, up from the current rate of 141.70 pesos ($6.65).

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Five Must-Read Articles About Modern Mexico

Source: Forbes

In 2021, Mexico is continuing to struggle with the spread of the Covid-19 virus, but is already showing some positive signs of economic recovery. Over the last few weeks I’ve tweeted a number of news stories highlighting current political and economic trends in Mexico.

On September 3, I tweeted this Insight Crime story on Mexico’s record-breaking levels of remittances. The article explains that Mexico’s Central Bank (Banco de México – Banxico) reported that more than $28 billion in remittances have been sent to Mexico from the U.S. during the first seven months of 2021, up 23% from 2020. The jump in remittances, the Insight Crime report explains, could be driven in part by higher levels of money laundering.

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Trump wants to restrict trade and immigration. Here’s why he can’t do both.

9/11/2017 The Washington Post

Recently, trade negotiators from the United States, Canada and Mexico concluded the first round of talks to renegotiate the North American Free Trade Agreement. President Trump has made clear that he wants a deal that cuts the U.S. trade deficit— and brings manufacturing jobs back to the United States. Trump also threatened to withdraw from the South Korea-U.S. free-trade agreement (KORUS), citing unfair trade practices and a desire to bring home U.S. jobs.

At the same time, Trump is supporting the Reforming American Immigration for a Strong Economy Act (Raise Act), which would cut legal immigration by 50 percent. And he announced the end of the Deferred Action for Childhood Arrivals program, which could mean the deportation of about 690,000 “dreamers” — immigrants who came into the country illegally as children.

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